Credit Suisse Asset Management Income Fund, Inc. Declares Monthly Dividend of $0.02 (NYSEAMERICAN:CIK)

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.0225 per share on Tuesday, February 25th. This represents a $0.27 annualized dividend and a yield of 9.12%. The ex-dividend date of this dividend is Tuesday, February 18th.

Credit Suisse Asset Management Income Fund has increased its dividend by an average of 3.4% annually over the last three years.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of NYSEAMERICAN CIK remained flat at $2.96 during trading on Wednesday. 1,038,665 shares of the stock were exchanged, compared to its average volume of 441,168. Credit Suisse Asset Management Income Fund has a twelve month low of $2.82 and a twelve month high of $3.13.

Insiders Place Their Bets

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice bought 40,766 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $2.92 per share, with a total value of $119,036.72. Following the purchase, the insider now directly owns 47,402 shares of the company’s stock, valued at approximately $138,413.84. The trade was a 614.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 18.63% of the stock is currently owned by company insiders.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.